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Leases (Tables)

9 Months Ended

Sep. 28, 2024

Leases [Abstract]

Schedule of Right-of-Use Assets and Lease Obligations

Operating lease assets and obligations included in the accompanying condensed consolidated balance sheets are shown below (in millions):

			September 28, 2024						December 31, 2023
Right-of-use assets under operating leases:
Other long-term assets			$	739.5					$	733.5
Lease obligations under operating leases:
Accrued liabilities			$	164.0					$	151.9
Other long-term liabilities			612.5						623.0
			$	776.5					$	774.9

Schedule of Maturity of Lease Obligations

Maturities of lease obligations as of September 28, 2024, are shown below (in millions):

			September 28, 2024
2024 (1)			$	51.8
2025			181.3
2026			153.7
2027			127.9
2028			103.9
Thereafter			257.5
Total undiscounted cash flows			876.1
Less: Imputed interest			(99.6)
Lease obligations under operating leases			$	776.5

(1) For the remaining three months

Schedule of Cash Flow Information, Lease Expense, Weighted Average Lease Term and Discount Rate

Cash flow information related to operating leases is shown below (in millions):

			Nine Months Ended
			September 28, 2024						September 30, 2023
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations			$	132.8					$	152.4
Operating cash flows:
Cash paid related to operating lease obligations			$	143.3					$	137.0

Lease expense included in the accompanying condensed consolidated statements of comprehensive income (loss) is shown below (in millions):

			Three Months Ended												Nine Months Ended
			September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
Operating lease expense			$	48.2					$	46.5					$	142.9					$	136.0
Short-term lease expense			4.5						5.2						15.4						15.4
Variable lease expense			2.3						2.3						6.4						7.3
Total lease expense			$	55.0					$	54.0					$	164.7					$	158.7

The weighted average lease term and discount rate for operating leases are shown below:

			September 28, 2024
Weighted average remaining lease term			Six years
Weighted average discount rate			3.9		%

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- Definition

Assets And Liabilities, Lessee [Table Text Block]

+ References

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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